- FingerMotion (FNGR, Financial) reports a modest 1% increase in Q1 2026 revenue, totaling $8.46 million.
- New business segments contribute with initial revenue, but gross profit declines significantly by 78%.
- Net loss rises by 21% to $2.01 million, indicating profitability challenges despite new revenue streams.
FingerMotion, Inc. (NASDAQ: FNGR), a mobile services and technology company, has announced its financial results for the first quarter of fiscal 2026, which ended on May 31, 2025. The company recorded a total revenue of $8.46 million, marking a slight 1% increase compared to the same period last year. The core Telecommunications Products & Services segment contributed $8.31 million, which is a 1% decrease from the previous year.
New business ventures showed potential, with the DaGe Platform reporting revenue growth to $10,938 from $463 in the prior year. Additionally, the Command and Communication segment added $109,241, and the Big Data segment generated $27,310, representing new streams of income for the company. Despite these developments, the gross profit declined by 78% to $152,521, compared to $681,889 a year earlier.
Operating expenses were reduced by 9% to $2.14 million, yet the company's net loss expanded by 21% to $2.01 million, which translates to a loss per share of $0.04, up from $0.03 in the previous year's first quarter. FingerMotion maintained a strong financial position with $2.86 million in cash and a working capital surplus of $9.4 million. Total assets were reported at $55.71 million, against total liabilities of $39.51 million.
The CEO of FingerMotion, Martin Shen, expressed optimism about the contributions from new business segments and affirmed the company's focus on developing higher-margin, data-driven business lines. FingerMotion aims to enhance operations and execute a strategic roadmap to achieve long-term scalable growth and increased shareholder value.
